Wall Street rises further after Fed
U.S. stocks rose further on Wednesday after the Federal Reserve said U.S. economic activity has picked up following severe downturn.
The Fed said in its statement following a two-day policy-setting meeting inflation is likely to remain subdued for some time.
The Dow Jones industrial average <.DJI> gained 58.95 points, or 0.60 percent, to 9,888.82. The Standard & Poor's 500 Index <.SPX> rose 5.57 points, or 0.52 percent, to 1,077.23. The Nasdaq Composite Index <.IXIC> added 13.26 points, or 0.62 percent, to 2,159.56.
(Reporting by Rodrigo Campos; Editing by Kenneth Barry)
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